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Industry: Email Alert RSS FeedRemarks to the National Urban League Conference in Pittsburgh, Pennsylvania: July 28, 2003
Weekly Compilation of Presidential Documents, August 4, 2003
And our current mission in Iraq is essential to the broader war on terror; it's essential to the security of the American people. You see, a free, democratic, peaceful Iraq will not threaten America or our friends with weapons. A free Iraq will not be a training ground for terrorists or a funnel of money to terrorists or provide weapons to terrorists who would willingly use them to strike our country. A free Iraq will not destabilize the Middle East. A free Iraq can set a hopeful example to the entire region and lead other nations to choose freedom. And as the pursuits of freedom replace hatred and resentment and terror in the Middle East, the American people will be more secure.
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Our men and women in uniform are serving our Nation and the cause of security and peace. We're proud of them. We appreciate their progress. We appreciate their dedication to the country called America.
This Nation has got another great challenge. While we stand for freedom and opportunity abroad, we must make those same values real in the lives of all Americans. This Nation has got work to do. There are citizens who can't find jobs. There are citizens looking for homes for their families. There are students who go to school that are letting them down every day and don't seem to improve. There are children who need mentors in their lives; people struggling with addiction who need to know they don't face that struggle alone.
To make the promise of America real for everyone, we need active citizens who help their neighbors; we need active churches and active communities; and we need active government. We can make a difference in people's lives with creative, innovative policies that focus on results.
Greater opportunity and hope begins with a growing economy. The stock market started to decline in March of 2000. And then we had recession in the first quarter of 2001. So we acted. We provided historic tax relief for families. And then as the economy was beginning to come back, we found out some of our citizens, corporate CEOs, forgot what it means to be a responsible citizen, and they did not tell the truth to shareholder and employee alike. So we acted, and we're now holding corporate criminals to account.
Last year, we saw too many Americans were still struggling to find a job, so we acted again. We brought the marriage penalty down. It doesn't make any sense, by the way, to penalize marriage in the Tax Code. It seems like the Tax Code ought to encourage marriage, not penalize it. We reduced income tax rates. We expanded the child credit from $600 to $1,000 per child, and we made the change retroactive to January 1st of this year, so the checks are in the mail. And as a matter of fairness, Congress should make the child credit refundable--low-income families need help as well during these economic slow times.
To add more jobs to the economy, we're also focusing a lot on small businesses, because small businesses create the most new jobs in an economy. Most small businesses are sole proprietorships or Subchapter S's, so when you reduce the income tax rates, you help small businesses. They pay tax at the individual rates. We're also allowing higher expense deduction for small businesses, which will make it easier for small businesses to buy new equipment and to hire new people. We're working through the Small Business Administration and Minority Business Development Agency to ensure that minority businesses get access to Federal contracting and financing and technical assistance for startups, because we understand small businesses are the path to the American Dream, and this path must be more open to all our citizens.
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